Provident Fund

This query is : Resolved 

30 April 2010 As per P.F. Act, Maximum Basic Salary is RS.6500/-.
My query is if my basis is Rs. 10000/- in that case can i request my employer to deduct p.f. on rs. 6500/- instead of rs. 10000/-. If yes, what is the procedure for that.

If it is specificaly mentioned in P.F. Act kindly send me.
Thanks

30 April 2010 you can opt for deducting on Rs.6500, but before getting registration need to be intimate the same

Link may be useful to you

http://www.epfindia.com/payments.htm

30 April 2010 UP TO SALARY OF RS. 6500/- EMPLOYER IS BOUND TO DEDUCT PF, AND IN THE CASE OF SALARY ABOVE RS. 6500/- THEN ITS FULLY DEPENDS TO YOUR EMPLOYER,

SO YOU CAN PERSONALLY MEET AND REQUEST TO YOUR EMPLOYER.



30 April 2010 Nothing is mentioned like lower deduction of PF if your basic slary exeeds Rs 6500/- in the act.

As per the Act, the member has to contribute at the rate of 10% or 12% of his basic pay, D.A. & retaining allowance if any. In case the member wants to contribute more than this, voluntarily he can do so at any rate he desires. i.e. upto 100% of basic and D.A. But the employer is not bound to contribute at the enhanced rate.

30 April 2010 Dear Chandan, Author wants to know if the basic salary exceeds Rs.6500/- whether the employee can opt the minimum contribution of PF on Rs.6500 instead of the Actual basic

30 April 2010 Dear CA Deepali
I fully agree with CA Ashok.
Employer have duty upto basic 6500 pm if exceed basic 6500 pm then it depends company policy and employees



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries